Did you know that rents are at an all time high? Median asking rent has reached an all-time high, rising to a record $1,006 in the first quarter of 2019, according to recent data from the U.S. Census Bureau according to this article in HousingWire.com. Rental properties that were lying vacant remained low at 7% in Q1, a factor that is driving up rental prices.
In the Atlanta market according to RentJungle.com rent is even higher the closer you get to Atlanta. As of April 2019, average rent for an apartment in Atlanta, GA is $1679 which is a 4.17% increase from last year when the average rent was $1609 , and a 0.12% increase from last month when the average rent was $1677.